TEACHING AND RESEARCH AREAS

TeachingFocusing (Program and credit hour) : (for example)Principles offinancial management (undergraduate, 54; MBA, 36), Advanced financial management (undergraduate, 54), Mergers and takeovers (Master of Accounting, 36)

Research Areas : Corporate finance,Executive incentive,Accounting information,Law and finance

ACADEMIC EXPERIENCE

Director ofDepartment of Accounting,Wuhan University,April 2018 – present.

Professor of Accounting, Wuhan University,Dec. 2014– present.

Vice Director ofDepartment of Accounting,Wuhan University,July 2013 –April 2018.

Visiting Professor, Wharton School, University ofPennsylvania, Jan. 2013 –Dec. 2013.

AssociateProfessor of Accounting, Wuhan University,Dec. 2009 –Nov. 2014.

Assistant Professor of Accounting, Wuhan University,Dec. 2007 –Nov. 2009.

MANAGERAL AND PRACTICAL EXPERIENCE

Independent Directors, Zhuzhou Feilu High-Tech Materials Co., Ltd.2015– present.

The investment, financing and risk management of firms, Local Government andEntrepreneurs of Yangzhong city of Jiangsu Province.

Mergers and takeovers, GUANGDONG GDH WATER COMPANY LIMITED, DEC. 2017, Nov. 2015.

Mergers and takeovers ofcommercial banks, Dalian branch and Yunnan branch ofChina Construction Bank, Sep. 2017.

The investment and risk management of firms,The managers of state-own firms ofZhaoqing city of Guangdong Province.

Thefinancial risk analysis of firms, Local Government andEntrepreneurs ofXuyi County.

SELECTED PUBLICATIONS

Journal Papers (International)

Political Connectedness and Court Outcomes (with Haitian Lu and Chenying Zhang),Journal of Law and Economics, 2015, 58: 829-861.

Private versus State Ownership and Spillover of Investor Protection Standards in Inter-province Mergers (with Donghui Li, Xinping Xia, and Minggui Yu) Emerging Markets Finance & Trade, 2010, 46: 86-105.

Expropriation: Evidence from Rights Issues in China (with Xinping Xia, and Minggui Yu),Emerging Markets Finance and Trade, 2008, 44: 5-20.

Journal Papers (Domestic)

Labor Law, Corporate Investment, and Economic Growth (in Chinese, with Shilai Chen), Economic Research Journal (Jingji Yanjiu), 2017(4):92-105.

Helping Hand, Grabbing Hand and Inter-Province Mergers (in Chinese, withShilai Chen),Economic Research Journal (Jingji Yanjiu), 2011(9): 108-120.

Government Intervention, Political Connections and the Mergers of Local Government-Controlled Enterprises (in Chinese, with Xinping Xia, and Minggui Yu), Economic Research Journal (Jingji Yanjiu), 2008(4): 41-52.

Privatization, Property Rights Protection and Corporate Risk-Taking (in Chinese, with Minggui Yu, andWengui Li), Economic Research Journal (Jingji Yanjiu), 2013(9):112-124.

Political Coneections, Rent Seeking, and the Fiscal Subsidy Efficiency of Local Governments(in Chinese, with Minggui Yu, and Yafu Hui), Economic Research Journal (Jingji Yanjiu), 2010(3): 65-77.

The Financial Development, the Commercial Credit, and the Competition in Products Markets (in Chinese, withMinggui Yu),Management World (Guanli Shijie), 2010(8): 117-129.

Political Connections, Institutional Environments and Private Enterprises' Access to Bank Loans (in Chinese, withMinggui Yu),Management World (Guanli Shijie), 2008(8): 9-21.

Vertical Interlocks of Executives, State Ownership and Accounting Information Quality (in Chinese, with Fangfang Han), Journal of Accounting Studies(Kuaiji Yanjiu), 2016(7):140-153.

Target Firm’sAccounting Information Quality, Acquirer Ownership and Acquirer Returns (in Chinese, with Minggui Yu), Journal of Financial Research (Jinrong Yanjiu), 2014(7): 140-153.

Intra-Group Transaction, Executive Compensation, and Capital Allocation Efficiency (in Chinese, with Minggui Yu), Journal of Accounting Studies(Kuaiji Yanjiu), 2014(10): 20-27.

Political Connections, Expropriations and the Performance of Private-owned Firms (in Chinese, withMinggui Yu),Nankai Business Review, 2010(4): 14-27.

Business Group Affiliation, Bank Loans and Capital Allocation Efficiency (in Chinese, with Minggui Yu), Journal of Financial Research (Jinrong Yanjiu),2010(10): 117-129.

Control-Ownership Divergence: Agency Theory or Portfolio Theory (in Chinese, with Minggui Yu), Journal of Economics and Management(Jiji Guanli), 2014(11): 47-57.

Monography

Pan, Hongbo,2014,The Study on the Takeovers of Chinese Listed Firms,Beijing:China Social Science Press.

RESEARCHGRANTS

National Natural Science Foundation of China. The Effect of Governors’ Rotation on the Executive Governance of Local State-Owned Firms and Its Economic Consequences,￥585200, 2015, Ref. 71572133.

National Natural Science Foundation of China. The Mutual Insurance in Business Groups and Risk-Taking: Based on Undiversified Private Controlling Shareholder,￥540000, 2012, Ref. 71272229.

National Natural Science Foundation of China. Business Group Affiliation, Bank Loans and Capital Allocation Efficiency,￥150000, 2009, Ref. 70902055.

China Education Ministry Foundation. Political Connections and Tunneling of private-owned Firms,￥50000, 2009, Ref. 09YJC630179.

AWARDS AND HONORS

Best Paper Award,TheMinistry ofFinance, China, 2015.

Best Paper Award, Hubei Social Science, China, 2011.

Best Paper Award,TheMinistry ofFinance, China, 2012.

Best Paper Award,Wuhan Social Science, China, 2013.

First prize of Best Corporate Finance Award, The 13th TCFA Annual Conference, New York, USA, 2007.

EDITORIAL BOARDS

Luojia Management Review,Associate Editor, 2014-present.

Referee:Economic Research Journal,Management World, Journal of Financial Research,Journal of Accounting Studies,Nankai Business Review,China Accounting and Finance Review, et al.

MEMBERSHIPS, CERTIFICATIONS

Certified Public Accountant, 2006.

Independent Director, 2012.